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Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues [Abstract]        
Total income $ 30,408,249 $ 28,471,726 $ 87,294,249 $ 81,887,607
Operating Expenses        
Personnel 11,586,551 16,101,023 40,288,070 43,766,412
Transaction expense 9,319,823 11,547,719 31,229,450 29,584,508
Third-party technology and data 2,177,376 1,410,595 6,282,651 3,680,225
Marketing, advertising, and tradeshows 3,857,393 2,323,145 15,402,963 5,699,154
General and administrative 2,287,595 4,320,404 14,231,719 10,609,726
Provision for uncollectible accounts 5,679,953 10,456,447 24,036,357 32,880,630
Reimbursement of merger-related costs (11,000,000) 0 (11,000,000) 0
Total operating expenses 23,908,691 46,159,333 120,471,210 126,220,655
Operating Income (Loss) 6,499,558 (17,687,607) (33,176,961) (44,333,048)
Other Income (Expense)        
Net interest expense (2,191,995) (1,172,541) (5,477,164) (3,752,268)
Other income (expense), net 47,688 37,223 (25,315) (16,682)
Loss on extinguishment of line of credit 0 0 0 (1,092,679)
Income (Loss) before taxes 4,355,251 (18,822,925) (38,679,440) (49,194,677)
Income tax expense 10,827 11,201 48,626 51,678
Net Income (Loss) 4,344,424 (18,834,126) (38,728,066) (49,246,355)
Other Comprehensive Income (Loss)        
Foreign currency translation adjustment (1,354,622) (212,357) (1,614,763) 291,094
Total Comprehensive Income (Loss) $ 2,989,802 $ (19,046,483) $ (40,342,829) $ (48,955,261)
Net income (loss) per share:        
Basic loss per common share (in usd per share) $ 0.02 $ (0.09) $ (0.19) $ (0.25)
Diluted loss per common share (in usd per share) $ 0.02 $ (0.09) $ (0.19) $ (0.25)
Weighted-average shares outstanding:        
Basic weighted average shares outstanding (shares) 207,650,379 202,326,434 206,483,444 199,069,123
Diluted weighted average shares outstanding (shares) 227,155,822 202,326,434 206,483,444 199,069,123